IDEAS home Printed from https://ideas.repec.org/a/eee/juipol/v73y2021ics095717872100120x.html
   My bibliography  Save this article

Multi-criteria decision support: A case study of Southeast Europe power systems

Author

Listed:
  • Franki, Vladimir
  • Višković, Alfredo

Abstract

The power sector has been going through quite turbulent times during the past couple of years. During this time, several long-held tenets of the sector have been rewritten. As new technologies appear and as the surge of renewables dramatically transforms the system, we witness an emergence of new market players and possibilities. With key issues revolving around different problem areas, the importance of taking a multidisciplinary view on forming development strategies proves crucial in achieving desired outcomes. Having a detailed understanding of the dynamics underpinning energy markets is crucial for both decision-makers and investors. Forming a successful development strategy or a policy framework requires reconciling a string of technical, environmental, economic and social factors. Choosing the right combination of policies and technologies could fuel economic growth while still providing secure and affordable energy in line with low-carbon goals. In this light, we take Southeast Europe (SEE) as a practical example and study various questions regarding legal frameworks and development policies of countries in the region. The methodology structure allows considering environmental, economic, technology and policy issues. Each country's electricity sector is evaluated using a comprehensive database, with particular consideration to its affordability, self-reliance and sustainability. This study presents an overview to help clarify some of the aspects behind forming a successful framework capable of making the right decisions for the future.

Suggested Citation

  • Franki, Vladimir & Višković, Alfredo, 2021. "Multi-criteria decision support: A case study of Southeast Europe power systems," Utilities Policy, Elsevier, vol. 73(C).
    • Handle: RePEc:eee:juipol:v:73:y:2021:i:c:s095717872100120x
    DOI: 10.1016/j.jup.2021.101286
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S095717872100120X
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.jup.2021.101286?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Nabernegg, Stefan & Bednar-Friedl, Birgit & Muñoz, Pablo & Titz, Michaela & Vogel, Johanna, 2019. "National Policies for Global Emission Reductions: Effectiveness of Carbon Emission Reductions in International Supply Chains," Ecological Economics, Elsevier, vol. 158(C), pages 146-157.
    2. Višković, Alfredo & Franki, Vladimir & Valentić, Vladimir, 2014. "Effect of regulation on power-plant operation and investment in the South East Europe Market: An analysis of two cases," Utilities Policy, Elsevier, vol. 30(C), pages 8-17.
    3. Grubb, Michael & Butler, Lucy & Twomey, Paul, 2006. "Diversity and security in UK electricity generation: The influence of low-carbon objectives," Energy Policy, Elsevier, vol. 34(18), pages 4050-4062, December.
    4. Guandalini, Giulio & Campanari, Stefano & Romano, Matteo C., 2015. "Power-to-gas plants and gas turbines for improved wind energy dispatchability: Energy and economic assessment," Applied Energy, Elsevier, vol. 147(C), pages 117-130.
    5. Matsumoto, Ken׳ichi & Andriosopoulos, Kostas, 2016. "Energy security in East Asia under climate mitigation scenarios in the 21st century," Omega, Elsevier, vol. 59(PA), pages 60-71.
    6. Cao, Sunliang & Alanne, Kari, 2018. "The techno-economic analysis of a hybrid zero-emission building system integrated with a commercial-scale zero-emission hydrogen vehicle," Applied Energy, Elsevier, vol. 211(C), pages 639-661.
    7. Lior, Noam, 2012. "Sustainable energy development (May 2011) with some game-changers," Energy, Elsevier, vol. 40(1), pages 3-18.
    8. Haralambopoulos, D.A. & Polatidis, H., 2003. "Renewable energy projects: structuring a multi-criteria group decision-making framework," Renewable Energy, Elsevier, vol. 28(6), pages 961-973.
    9. Johansson, Bengt, 2013. "Security aspects of future renewable energy systems–A short overview," Energy, Elsevier, vol. 61(C), pages 598-605.
    10. Winzer, Christian, 2012. "Conceptualizing energy security," Energy Policy, Elsevier, vol. 46(C), pages 36-48.
    11. Rentziou, Aikaterini & Gkritza, Konstantina & Souleyrette, Reginald R., 2012. "VMT, energy consumption, and GHG emissions forecasting for passenger transportation," Transportation Research Part A: Policy and Practice, Elsevier, vol. 46(3), pages 487-500.
    12. Connolly, D. & Lund, H. & Mathiesen, B.V. & Leahy, M., 2010. "A review of computer tools for analysing the integration of renewable energy into various energy systems," Applied Energy, Elsevier, vol. 87(4), pages 1059-1082, April.
    13. Månsson, André & Johansson, Bengt & Nilsson, Lars J., 2014. "Assessing energy security: An overview of commonly used methodologies," Energy, Elsevier, vol. 73(C), pages 1-14.
    14. McCarthy, Ryan W. & Ogden, Joan M. & Sperling, Daniel, 2007. "Assessing reliability in energy supply systems," Energy Policy, Elsevier, vol. 35(4), pages 2151-2162, April.
    15. Frombo, Francesco & Minciardi, Riccardo & Robba, Michela & Sacile, Roberto, 2009. "A decision support system for planning biomass-based energy production," Energy, Elsevier, vol. 34(3), pages 362-369.
    16. Weron, Rafał, 2014. "Electricity price forecasting: A review of the state-of-the-art with a look into the future," International Journal of Forecasting, Elsevier, vol. 30(4), pages 1030-1081.
    17. Raghoo, Pravesh & Surroop, Dinesh & Wolf, Franziska & Leal Filho, Walter & Jeetah, Pratima & Delakowitz, Bernd, 2018. "Dimensions of energy security in Small Island Developing States," Utilities Policy, Elsevier, vol. 53(C), pages 94-101.
    18. Arán Carrión, J. & Espín Estrella, A. & Aznar Dols, F. & Zamorano Toro, M. & Rodríguez, M. & Ramos Ridao, A., 2008. "Environmental decision-support systems for evaluating the carrying capacity of land areas: Optimal site selection for grid-connected photovoltaic power plants," Renewable and Sustainable Energy Reviews, Elsevier, vol. 12(9), pages 2358-2380, December.
    19. Alfredo Viskovic & Vladimir Valentic & Vladimir Franki, 2013. "The impac t of carbon prices on CCS investment in South East Europe," ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT, FrancoAngeli Editore, vol. 2013(3), pages 91-120.
    20. Moret, Stefano & Babonneau, Frédéric & Bierlaire, Michel & Maréchal, François, 2020. "Decision support for strategic energy planning: A robust optimization framework," European Journal of Operational Research, Elsevier, vol. 280(2), pages 539-554.
    21. Rafal Weron, 2014. "A review of electricity price forecasting: The past, the present and the future," HSC Research Reports HSC/14/02, Hugo Steinhaus Center, Wroclaw University of Technology.
    22. Jansen, Jaap C. & Seebregts, Ad J., 2010. "Long-term energy services security: What is it and how can it be measured and valued?," Energy Policy, Elsevier, vol. 38(4), pages 1654-1664, April.
    23. Becker, Sophia & Schober, Dominik & Wassermann, Sandra, 2016. "How to approach consumers’ nonmonetary evaluation of electricity supply security? The case of Germany from a multidisciplinary perspective," Utilities Policy, Elsevier, vol. 42(C), pages 74-84.
    24. Decker, Christopher, 2018. "Utility and regulatory decision-making under conditions of uncertainty: Balancing resilience and affordability," Utilities Policy, Elsevier, vol. 51(C), pages 51-60.
    25. Beecher, Janice & Gould, Tom, 2018. "Pricing wastewater to save water: Are theory and practice transferable?," Utilities Policy, Elsevier, vol. 52(C), pages 81-87.
    26. Alfredo Vi kovic & Vladimir Franki, 2015. "Coal Based Electricity Generation in South East Europe: A Case Study for Croatia," International Journal of Energy Economics and Policy, Econjournals, vol. 5(1), pages 206-230.
    27. Olav H. Hohmeyer & Sönke Bohm, 2015. "Trends toward 100% renewable electricity supply in Germany and Europe: a paradigm shift in energy policies," Wiley Interdisciplinary Reviews: Energy and Environment, Wiley Blackwell, vol. 4(1), pages 74-97, January.
    28. Becchio, Cristina & Bottero, Marta Carla & Corgnati, Stefano Paolo & Dell’Anna, Federico, 2018. "Decision making for sustainable urban energy planning: an integrated evaluation framework of alternative solutions for a NZED (Net Zero-Energy District) in Turin," Land Use Policy, Elsevier, vol. 78(C), pages 803-817.
    29. Rubin, Edward S. & Chen, Chao & Rao, Anand B., 2007. "Cost and performance of fossil fuel power plants with CO2 capture and storage," Energy Policy, Elsevier, vol. 35(9), pages 4444-4454, September.
    30. Grubb,Michael & Jamasb,Tooraj & Pollitt,Michael G. (ed.), 2008. "Delivering a Low Carbon Electricity System," Cambridge Books, Cambridge University Press, number 9780521888844.
    31. Franki, Vladimir & Višković, Alfredo, 2015. "Energy security, policy and technology in South East Europe: Presenting and applying an energy security index to Croatia," Energy, Elsevier, vol. 90(P1), pages 494-507.
    32. Stirling, Andrew, 1994. "Diversity and ignorance in electricity supply investment : Addressing the solution rather than the problem," Energy Policy, Elsevier, vol. 22(3), pages 195-216, March.
    33. Zaporozhets, Oleksandr & Synylo, Kateryna, 2017. "Improvements on aircraft engine emission and emission inventory asesessment inside the airport area," Energy, Elsevier, vol. 140(P2), pages 1350-1357.
    34. Ren, Jingzheng & Sovacool, Benjamin K., 2014. "Quantifying, measuring, and strategizing energy security: Determining the most meaningful dimensions and metrics," Energy, Elsevier, vol. 76(C), pages 838-849.
    35. Sovacool, Benjamin K. & Mukherjee, Ishani, 2011. "Conceptualizing and measuring energy security: A synthesized approach," Energy, Elsevier, vol. 36(8), pages 5343-5355.
    36. Perry, Simon & Klemeš, Jiří & Bulatov, Igor, 2008. "Integrating waste and renewable energy to reduce the carbon footprint of locally integrated energy sectors," Energy, Elsevier, vol. 33(10), pages 1489-1497.
    37. Deitz, Laura & Stirton, Lindsay & Wright, Kathryn, 2009. "South East Europe's electricity sector: Attractions, obstacles and challenges of Europeanisation," Utilities Policy, Elsevier, vol. 17(1), pages 4-12, March.
    38. Valentine, Scott Victor, 2011. "Emerging symbiosis: Renewable energy and energy security," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(9), pages 4572-4578.
    39. Gustavsson, L. & Holmberg, J. & Dornburg, V. & Sathre, R. & Eggers, T. & Mahapatra, K. & Marland, G., 2007. "Using biomass for climate change mitigation and oil use reduction," Energy Policy, Elsevier, vol. 35(11), pages 5671-5691, November.
    40. Ranjan, Ashish & Hughes, Larry, 2014. "Energy security and the diversity of energy flows in an energy system," Energy, Elsevier, vol. 73(C), pages 137-144.
    41. Chicco, Gianfranco & Mancarella, Pierluigi, 2008. "Assessment of the greenhouse gas emissions from cogeneration and trigeneration systems. Part I: Models and indicators," Energy, Elsevier, vol. 33(3), pages 410-417.
    42. Johansson, Bengt, 2013. "A broadened typology on energy and security," Energy, Elsevier, vol. 53(C), pages 199-205.
    43. Agyekum, Ephraim Bonah & Amjad, Fahd & Mohsin, Muhammad & Ansah, Michael Nii Sanka, 2021. "A bird's eye view of Ghana's renewable energy sector environment: A Multi-Criteria Decision-Making approach," Utilities Policy, Elsevier, vol. 70(C).
    44. Rutherford, J.P. & Scharpf, E.W. & Carrington, C.G., 2007. "Linking consumer energy efficiency with security of supply," Energy Policy, Elsevier, vol. 35(5), pages 3025-3035, May.
    45. Jun, Eunju & Kim, Wonjoon & Chang, Soon Heung, 2009. "The analysis of security cost for different energy sources," Applied Energy, Elsevier, vol. 86(10), pages 1894-1901, October.
    46. deLlano-Paz, Fernando & Martínez Fernandez, Paulino & Soares, Isabel, 2016. "Addressing 2030 EU policy framework for energy and climate: Cost, risk and energy security issues," Energy, Elsevier, vol. 115(P2), pages 1347-1360.
    47. Lund, Henrik & Østergaard, Poul Alberg, 2000. "Electric grid and heat planning scenarios with centralised and distributed sources of conventional, CHP and wind generation," Energy, Elsevier, vol. 25(4), pages 299-312.
    48. Panwar, N.L. & Kaushik, S.C. & Kothari, Surendra, 2011. "Role of renewable energy sources in environmental protection: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(3), pages 1513-1524, April.
    49. Bielecki, J., 2002. "Energy security: is the wolf at the door?," The Quarterly Review of Economics and Finance, Elsevier, vol. 42(2), pages 235-250.
    50. Liobikienė, Genovaitė & Dagiliūtė, Renata, 2016. "The relationship between economic and carbon footprint changes in EU: The achievements of the EU sustainable consumption and production policy implementation," Environmental Science & Policy, Elsevier, vol. 61(C), pages 204-211.
    51. Le Coq, Chloé & Paltseva, Elena, 2009. "Measuring the security of external energy supply in the European Union," Energy Policy, Elsevier, vol. 37(11), pages 4474-4481, November.
    52. Mancarella, Pierluigi & Chicco, Gianfranco, 2008. "Assessment of the greenhouse gas emissions from cogeneration and trigeneration systems. Part II: Analysis techniques and application cases," Energy, Elsevier, vol. 33(3), pages 418-430.
    53. Lončar, D. & Duić, N. & Bogdan, Ž., 2009. "An analysis of the legal and market framework for the cogeneration sector in Croatia," Energy, Elsevier, vol. 34(2), pages 134-143.
    54. Wu, Jung-Hua & Huang, Yun-Hsun, 2014. "Electricity portfolio planning model incorporating renewable energy characteristics," Applied Energy, Elsevier, vol. 119(C), pages 278-287.
    55. Rafal Weron, 2006. "Modeling and Forecasting Electricity Loads and Prices: A Statistical Approach," HSC Books, Hugo Steinhaus Center, Wroclaw University of Technology, number hsbook0601.
    56. Creti, Anna & Fabra, Natalia, 2007. "Supply security and short-run capacity markets for electricity," Energy Economics, Elsevier, vol. 29(2), pages 259-276, March.
    57. Marinakis, Vangelis & Doukas, Haris & Xidonas, Panos & Zopounidis, Constantin, 2017. "Multicriteria decision support in local energy planning: An evaluation of alternative scenarios for the Sustainable Energy Action Plan," Omega, Elsevier, vol. 69(C), pages 1-16.
    58. Phdungsilp, Aumnad, 2010. "Integrated energy and carbon modeling with a decision support system: Policy scenarios for low-carbon city development in Bangkok," Energy Policy, Elsevier, vol. 38(9), pages 4808-4817, September.
    59. Hettinga, Sanne & Nijkamp, Peter & Scholten, Henk, 2018. "A multi-stakeholder decision support system for local neighbourhood energy planning," Energy Policy, Elsevier, vol. 116(C), pages 277-288.
    60. Jaramillo, O.A. & Borja, M.A. & Huacuz, J.M., 2004. "Using hydropower to complement wind energy: a hybrid system to provide firm power," Renewable Energy, Elsevier, vol. 29(11), pages 1887-1909.
    61. Barbosa, Ailson de Souza & Shayani, Rafael Amaral & Oliveira, Marco Aurélio Gonçalves de, 2018. "A multi-criteria decision analysis method for regulatory evaluation of electricity distribution service quality," Utilities Policy, Elsevier, vol. 53(C), pages 38-48.
    62. Chester, Lynne, 2010. "Conceptualising energy security and making explicit its polysemic nature," Energy Policy, Elsevier, vol. 38(2), pages 887-895, February.
    63. Višković, Alfredo & Franki, Vladimir & Valentić, Vladimir, 2014. "CCS (carbon capture and storage) investment possibility in South East Europe: A case study for Croatia," Energy, Elsevier, vol. 70(C), pages 325-337.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Alfredo Višković & Vladimir Franki & Angela Bašić-Šiško, 2022. "City-Level Transition to Low-Carbon Economy," Energies, MDPI, vol. 15(5), pages 1-24, February.
    2. Endre Börcsök & Veronika Groma & Ágnes Gerse & János Osán, 2023. "Determination of Country-Specific Criteria Weights for Long-Term Energy Planning in Europe," Energies, MDPI, vol. 16(13), pages 1-15, June.
    3. Michail Tsangas & Iliana Papamichael & Antonis A. Zorpas, 2023. "Sustainable Energy Planning in a New Situation," Energies, MDPI, vol. 16(4), pages 1-12, February.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Franki, Vladimir & Višković, Alfredo, 2015. "Energy security, policy and technology in South East Europe: Presenting and applying an energy security index to Croatia," Energy, Elsevier, vol. 90(P1), pages 494-507.
    2. Alfredo Višković & Vladimir Franki & Angela Bašić-Šiško, 2022. "City-Level Transition to Low-Carbon Economy," Energies, MDPI, vol. 15(5), pages 1-24, February.
    3. Ang, B.W. & Choong, W.L. & Ng, T.S., 2015. "Energy security: Definitions, dimensions and indexes," Renewable and Sustainable Energy Reviews, Elsevier, vol. 42(C), pages 1077-1093.
    4. Månsson, André & Johansson, Bengt & Nilsson, Lars J., 2014. "Assessing energy security: An overview of commonly used methodologies," Energy, Elsevier, vol. 73(C), pages 1-14.
    5. Chuang, Ming Chih & Ma, Hwong Wen, 2013. "Energy security and improvements in the function of diversity indices—Taiwan energy supply structure case study," Renewable and Sustainable Energy Reviews, Elsevier, vol. 24(C), pages 9-20.
    6. Valdés Lucas, Javier Noel & Escribano Francés, Gonzalo & San Martín González, Enrique, 2016. "Energy security and renewable energy deployment in the EU: Liaisons Dangereuses or Virtuous Circle?," Renewable and Sustainable Energy Reviews, Elsevier, vol. 62(C), pages 1032-1046.
    7. Tomasz Rokicki & Aleksandra Perkowska, 2021. "Diversity and Changes in the Energy Balance in EU Countries," Energies, MDPI, vol. 14(4), pages 1-19, February.
    8. Višković, Alfredo & Franki, Vladimir & Valentić, Vladimir, 2014. "CCS (carbon capture and storage) investment possibility in South East Europe: A case study for Croatia," Energy, Elsevier, vol. 70(C), pages 325-337.
    9. Winzer, Christian, 2012. "Conceptualizing energy security," Energy Policy, Elsevier, vol. 46(C), pages 36-48.
    10. Evgeny Lisin & Wadim Strielkowski & Veronika Chernova & Alena Fomina, 2018. "Assessment of the Territorial Energy Security in the Context of Energy Systems Integration," Energies, MDPI, vol. 11(12), pages 1-14, November.
    11. Zhang, Long & Bai, Wuliyasu & Xiao, Huijuan & Ren, Jingzheng, 2021. "Measuring and improving regional energy security: A methodological framework based on both quantitative and qualitative analysis," Energy, Elsevier, vol. 227(C).
    12. John A. Paravantis, 2019. "Dimensions, Components and Metrics of Energy Security: Review and Synthesis," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 69(4), pages 38-52, October-D.
    13. Kosai, Shoki & Unesaki, Hironobu, 2020. "Short-term vs long-term reliance: Development of a novel approach for diversity of fuels for electricity in energy security," Applied Energy, Elsevier, vol. 262(C).
    14. Pin Li & Jinsuo Zhang, 2019. "Is China’s Energy Supply Sustainable? New Research Model Based on the Exponential Smoothing and GM(1,1) Methods," Energies, MDPI, vol. 12(2), pages 1-30, January.
    15. Gasser, Patrick, 2020. "A review on energy security indices to compare country performances," Energy Policy, Elsevier, vol. 139(C).
    16. Lazar Gitelman & Elena Magaril & Mikhail Kozhevnikov, 2023. "Energy Security: New Threats and Solutions," Energies, MDPI, vol. 16(6), pages 1-25, March.
    17. Aleh Cherp & Jessica Jewell, 2013. "Energy security assessment framework and three case studies," Chapters, in: Hugh Dyer & Maria Julia Trombetta (ed.), International Handbook of Energy Security, chapter 8, pages 146-173, Edward Elgar Publishing.
    18. Alipour, Mohammad & Hafezi, Reza & Ervural, Bilal & Kaviani, Mohamad Amin & Kabak, Özgür, 2018. "Long-term policy evaluation: Application of a new robust decision framework for Iran's energy exports security," Energy, Elsevier, vol. 157(C), pages 914-931.
    19. Sato, Masahiro & Kharrazi, Ali & Nakayama, Hirofumi & Kraines, Steven & Yarime, Masaru, 2017. "Quantifying the supplier-portfolio diversity of embodied energy: Strategic implications for strengthening energy resilience," Energy Policy, Elsevier, vol. 105(C), pages 41-52.
    20. Herie Park & Sungwoo Bae, 2021. "Quantitative Assessment of Energy Supply Security: Korea Case Study," Sustainability, MDPI, vol. 13(4), pages 1-15, February.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:juipol:v:73:y:2021:i:c:s095717872100120x. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: https://www.sciencedirect.com/journal/utilities-policy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.